📊 Market-to-GDP Ratio Jumps to 24% — Is the Stock Market Still Undervalued?

In a related development, Nigeria’s stock market capitalization now represents 24% of the country’s Gross Domestic Product (GDP) — one of the highest ratios in recent years. This comes after the National Bureau of Statistics (NBS) rebased Nigeria’s nominal GDP to ₦372.82 trillion for 2024.

🧐 What Does This Mean?

Market-to-GDP ratio is often used by investors to determine if a stock market is undervalued or overvalued:

A higher ratio may indicate an overheated market.

A lower ratio, as seen in Nigeria, suggests room for growth, especially when compared to developed markets.

Analysts believe this revaluation boosts investor confidence and may lead to:

More foreign investment,

Stronger local portfolio diversification,

Potential re-pricing of undervalued stocks.

> 🗞️ Source: DMarketForces.com – “Nigeria Stock Market to GDP

Ratio Soars to 24%”

🧠 Final Thoughts

These two key developments — the ₦1.7 trillion daily gain and a stronger market-to-GDP ratio — signal one clear thing: Nigeria’s equity market is bouncing back stronger than expected. For savvy investors and smart hustlers, now might be the best time to watch the stock charts, follow corporate earnings, and consider dipping a toe into long-term investing

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